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Learn How to Use and Exchange Digital Currencies

Learn How to Use and Exchange Digital Currencies

 

The most popular and well known digital currencies these days are Dash and Bitcoin. However, the focus of this text will be on Dash as it has a lot more advantages over all other digital currencies. In general, the simplest explanation is that Dash is digital money; you can trade and exchange it for products. It’s also a lot more secure and safer to use compared to other digital currencies. You may remember that Bitcoin has been really difficult to get and manage but the times they are a-changin’, so that’s no longer the case.

What makes Dash the best digital currency?

To put it simply, Dash is so popular precisely because you can spend it whenever and on whatever you want. Also, all transactions are private. In a way, Dash is the closest thing to cash even if we are talking about online spending. It’s an easy way to get what you want and need without leaving an obvious trace. In that sense, it’s very similar to cash transactions. Moreover, the payments can be confirmed instantly, which makes it almost impossible to become a victim of double-spending. Quite nifty isn’t it?

Why should you choose Dash over Bitcoin?

As mentioned in the previous paragraph, Dash is an anonymous way to perform transactions online, and unfortunately, Bitcoin protocols are everything but that. This is why Dash has gained an incredible popularity over Bitcoin. Moreover, if you have ever used Bitcoin before, you know that the whole process is fairly complex; using Dash, on the other hand, is quite simple.

Dash wallet possibilities

To make the whole thing even more personal, the process of buying Dash involves the use of a Dash wallet. There are different wallets depending on whether you’re dealing with large sums of money or just trying it out for fun. In the first case, it’s recommended that you get a hardware wallet. This is the most secure way to store your online currency over a longer time period. In case you just want to try this digital currency out, Dash mobile and desktop wallets are the best options for you. There are several wallet applications for mobile use, as well as Dash wallet software designed specifically for the computer use. Check the feedback online as well as all the available functions of each wallet option in order to choose the one that suits your needs the best.

Ways to get Dash

There are several different ways to buy Dash. Now that you have your Dash wallet, you can get your Dash through a wire transfer. If you’re looking for the best cryptocurrency exchange options, definitely check out BitPanda, BTC-e, Kraken and AnyCoin Direct. You can also purchase Dash with cash! However, there are very few ATMs that actually have this feature, so this might be a bit trickier. WallofCoins is also a place that allows users to purchase Dash directly. Finally, you can also exchange any Bitcoin that you might have for Dash. Again, there are several exchange sites to choose from. Take a look at ShapeShift, Changelly, Poloniex and Bitfinex in addition to Kraken and BTC-e for a secure Bitcoin-to-Dash exchange.

Make sure you store your Dash

So, you have your Dash wallet installed and you’ve found a way to actually buy Dash coins in a manner that suits you the best. However, there’s also one extra step you have to do. Basically, never leave your Dash coins on the exchange place you used for the purchase. Your coins are not safe there, and you may regret your negligence later on. Make sure that you move all your Dash coins to the wallet you’re using as soon as you can. Only then can you consider your digital coins safe.

To sum up, using digital currency may seem too futuristic to some people, but the future is now. Dash allows you to buy whatever product or service you want quickly and efficiently, which makes it one of the most secure and private online transfers today.